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All 26 Jul 2022

How to get MATIC? | Alpha Impact Guide

Ethereum’s volatile and sometimes extraordinarily high gas fees has been a major topic of conversation.

In the first few months of 2021, over $1.6 trillion dollars was settled on the Ethereum network. — a metric that also explains why using the Ethereum network is so expensive.

Not all users have the ability to pay high transaction fees, hence the Polygon network helps to bypass the high cost of gas fee and helps to connect blockchains and decentralized applications to Ethereum via sidechains.

What is Polygon (MATIC)?

Polygon is a Layer 2 scaling solution for the Ethereum blockchain that allows users to transact quicker and cheaper than on the Ethereum mainnet. Polygon has since then become popular among passive investors, traders and decentralized finance (DeFi) platforms.

What can MATIC be used for?

MATIC is Polygon’s native token, which can be used for :

  • A store of value and a currency
  • Paying low transaction fees on the Polygon network (much lower than the underlying Ethereum mainnet)
  • Participate in Crypto staking
  • Diversification of investment strategies
  • Trade NFTs (Non-Fungible Tokens)
  • Support scaling solutions for the Ethereum blockchain.

In order to mitigate the problem of exorbitant gas fees, Alpha Impact will be expanding to the Polygon Network, which allows users to trade FOLO tokens for cheaper gas fees at a faster rate.

What are FOLO Tokens?

FOLO tokens will be launched on the Polygon blockchain, which will increase the liquidity for users who hold these tokens. The launch of FOLO tokens on the Polygon network will allow our expert traders to monetize their insights and trades. As Alpha Impact launches our Trader Signals Monetization Program, FOLO tokens will be used as the central currency of the platform. These tokens will be used for payment towards the traders, as a way for traders to earn incentives on our platform.

What is Alpha Impact?

Alpha Impact is a social trading platform designed to make crypto trading easier for beginners, and more lucrative for experienced traders. Whether users want to copy an expert trader or build and monetize your existing trades, Alpha Impact facilitates this without ever asking users to make a deposit. To learn more about Alpha impact, click here.

Where can you purchase MATIC?

There are a number of exchanges where you can buy MATIC:

  1. FTX.com
  2. Binance
  3. FTX.US

…and many more!

How do you swap your existing tokens to MATIC?

If you’re holding USDT, USDC, BTC or any other tokens, you can also swap your tokens to MATIC on these sites:

  1. MetaMask
  2. Quickswap
  3. Uniswap

…and many more!

To learn how to acquire MATIC, click on these links:

  1. How to buy MATIC on FTX?
  2. How to buy MATIC on Binance?
  3. How to swap to MATIC on Metamask?

These are just some of the ways you can acquire MATIC, you can always use the exchanges you prefer and trust. Also, do ensure that your MetaMask is connected to your relative exchanges before withdrawing your cryptocurrencies. Happy trading!

If you have more questions, feel free to check with our community: Telegram | Twitter | App

To learn more:

Click here to access our previous article on How to connect Polygon to Metamask?

Click here to access How to buy FOLO?

About Alpha Impact

Crypto Made Easy.

Alpha Impact is a social trading platform designed to bring trust to crypto trading. Whether you want to automatically copy an expert trader or you’re already a crypto trader and want to build and monetize your following, we’re building the infrastructure to take the guesswork out of crypto trading.

Traders on the Alpha Impact platform are some of the top-performing traders in crypto. In good markets or bad, our traders are incentivized to share their trades and trading strategies through the Alpha Impact platform. Finally, a place where users can filter through the noise and learn about crypto trading from experts with a visible track record. What’s even better is that traders have an incentive to share their investment thesis, analysis of the market, and the reasons behind their trades.

We share our fees with traders, meaning that there is finally an incentive for expert traders to share their activity and views with crypto enthusiasts and beginners.

Built by experts from the traditional finance space, our philosophy is to empower everyone to become a crypto trader. Whether you’re a beginner wanting to learn from an expert, or an expert wanting to get paid, we’re here to democratize access to this industry, one trade at a time.

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